At Leap, we close the racial wealth gap by educating underserved existing and potential homeowners on accessing home equity — without incurring debt — so they can become more empowered and achieve greater financial relevancy.
Our mission is to close the homeownership gap by providing real estate education and financial literacy for all. We seek to educate homeowners, and especially those who are underserved, on how they can access equity in their homes and use it to improve their financial standing and credit score: empowering potential homeowners and existing homeowners to become more financially relevant.
We create financial equality for all by using advanced AI technology to eliminate the discriminatory underwriting practices that have long plagued the mortgage industry and consumer finance. We reverse the effects of decades of redlining and end the negative impact of gentrification, such as homeowners being displaced. By empowering homeowners with real estate and financial knowledge, and enabling them to access the equity in their homes, homeowners no longer have to move out of their communities because of looming gentrification.
Through Home Equity Agreements (HEAs), we enable homeowners to stay in their communities and participate in the often dramatic economic improvements that come with gentrification. HEAs provide homeowners with cash, with no interest rate and no monthly payments, in exchange for a portion of their home's future appreciation. As the home appreciates in value, both the homeowners and Leap win. If the home devalues, the homeowner may actually owe less.
Learn how to free the equity trapped in your home by signing up. We'll send you educational resources regarding housing matters and financial literacy.
